A Night at the Opera: Subsidies, prices and repertoire at London’s opera houses
& Philip Wrigley
Published: September 2001
This paper considers how the behaviour of the two London opera houses differs
from profit-maximisation, possibly in response to the high level of government
funding and private donations. The opera houses put on more innovative and
artistically rewarding operas than would be the case with profit-maximisation.
They also have clear access policies in offering low-price and discounted tickets.